Category: Economy

Bangladeshi entrepreneurs on Wednesday invited Malaysian investment in the prospective areas like leather, leather-goods, energy, food processing, gas-run factories and telecommunications.

The World Bank (WB) will propose to Bangladesh within 7-10 days regarding financial and technical assistance for construction of garment industrial park.

The Unnayan Onneshan, an independent think-tank, has stated that exigent policies are needed for the economic recovery as policy-induced macroeconomic challenges loom large this year.

The performance of the economy in the fiscal year 2013 will critically hinge on how the political challenges are addressed, International Chamber of Commerce, Bangladesh (ICC,B) observed in its 18th annual council held here on Saturday.

International Monetary Fund officials say they are watching carefully for signs that massive flows of cash unleashed in world markets by unprecedented monetary easing might lead to asset bubbles, or to overheating in some emerging markets.

Indian High Commissioner in Dhaka Pankaj Saran on Wednesday handed over the second tranche of US$50 million out of the $200 million grant committed to Bangladesh by the government of India last year. 

Foreign exchange reserves of Bangladesh reached 15.06 billion US dollars breaking all the previous record.

The general point-to-point inflation rate in April increased slightly as it notched 8.37 percent posting a rise of 0.66 percent from that of March this year as per the base year 2005-06.

Inward remittance in April witnessed a declining trend as it reached US$ 1,030.95 million compared to $ 1,229.36 million fetched in March this year.

An industry group says manufacturing growth in China slipped in April as exports continued to decline, raising questions about the strength of recovery in the world’s second-biggest economy.

The foreign aid flow to Bangladesh was much better during the first three quarters (July-March) of the current fiscal (2012-13) as it totalled US$1,863.02 million against US$1,410.96 million during the corresponding period of the last year.

Unnayan Onneshan, an independent multidisciplinary think-tank, in its current issue of the Bangladesh Economic Update projected the country’s GDP growth rate to be 5.75 percent in the current fiscal year against the government target of 7.2 percent.

President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan has urged the Bangladeshi businessmen in Qatar to invest in their homeland in prospective areas like IT, hotel and tourism sectors.

The next national budget should be more result-oriented and flexible with a view to increasing its benefit to more people and also focus on improving the investment environment to attract more investment, according to a leading economist of the country.

Moody’s Investors Service has said Bangladesh’s Ba3 rating and stable outlook reflect Moody’s assessment of four factors—its ‘low’ economic, institutional and government financial strengths, as well as its ‘low’ susceptibility to risks from financial, economic and political events.

Acting Speaker M Shawkat Ali on Wednesday stressed the need for formulating the national budget in light with the need for the common people to ensure public welfare.

Bangladesh Petroleum Corporation (BPC) has sought compensation of about Tk 12 crore from the Power Development Board (PDB) for not receiving fuel as per its requisition.

Speakers at a seminar have asked the government to reconsider the VAT Act 2012 as the poor in general are being forced to pay VAT and taxes upon every item they buy from the market. They underscored the need for…

The country’s GDP growth in the current fiscal will plunge to 5.8 percent for lack of growth in export, domestic consumption and investment, claimed a World Bank (WB) report launched here on Saturday.

The Board of Investment scrutiny committee for approval of private sector foreign borrowing on Tuesday cleared the borrowing of US$ 297 million foreign loan against 15 private sector projects.

Dhaka Chamber of Commerce and Industry (DCCI) on Sunday urged Foreign Minister Dr Dipu Moni to take initiatives for making Bangladesh missions abroad more effective and vibrant for expanding the country’s export market and boosting export volume.

Citing looming uncertainties in the country’s political scenario, Finance Minister AMA Muhith on Sunday expressed his doubt about reaching the GDP growth target of 7.2 percent in the current fiscal year (2012-13).

A court here on Thursday placed Akbar Hossain Sumon, Treasurer of Destiny Multi-purpose Cooperative Society, on a weeklong remand in connection with two money laundering cases.

The chairmen of Parliamentary Standing Committees at a pre-budget meeting on Wednesday suggested increasing budgetary allocations for power, communications and local government in the upcoming budget for fiscal 2013-14.

International Monetary Fund said unrest in recent months in Bangladesh is affecting economic activity of the country.